Very usefull links


News links




Dow Jones

Oil price



Views and News





'Lima Group' leaders urge Venezuela to suspend election



By Reuters

Petroleumworld 05 15 2018

The Lima Group of largely Latin American nations on Monday urged the Venezuelan government to suspend the presidential election scheduled for May 20, calling the process “illegitimate and lacking in credibility.”

n a joint statement, Argentina, Brazil, Canada, Chile, Colombia, Guatemala, Honduras, Mexico, Panama, Paraguay, Peru, St. Lucia, Spain and the United States condemned Venezuela's government and vowed to consider steps if the vote went ahead.

The countries, not all of which belong formally to the group established last year in Lima to address the crisis in Venezuela, said they had analyzed possible scenarios and identified a series of “actions” they could take.

They did not provide details on what those might be.

Venezuela's main opposition coalition is boycotting the election, saying it is a farce intended to legitimize a “dictatorship” led by President Nicolas Maduro.

Maduro's main opposition rivals are barred from standing, and most Venezuelans regard the election board as answerable to Maduro.

Foreign and finance ministers from most of the countries in the Lima Group met in Mexico City and said they would consider steps to be taken either individually or collectively at a diplomatic, economic, financial or humanitarian level.

“The (Lima Group) is making a final call to the Venezuelan government to suspend the general elections planned for May 20, as they have been called by an illegitimate authority,” Mexican Foreign Minister Luis Videgaray said, reading the statement.

The statement cast Maduro's government as “authoritarian.”

U.S. Secretary of State Mike Pompeo urged Lima Group members to block Venezuelan leaders from using their financial systems and to bar entry to their countries, the State Department said in a statement.

Last week, the U.S. government unveiled fresh sanctions and urged more nations to increase pressure on Caracas.

U.S. President Donald Trump's administration blames Maduro for a deep recession and hyperinflation that have caused food shortages in Venezuela and prompted many residents to leave.

Peru's foreign minister Nestor Popolizio told a news conference that there were now more than 200,000 Venezuelans in his country, while his Argentine counterpart Jorge Faurie said that there were more than 90,000 in Argentina.

Brazil and Colombia have seen large influxes of Venezuelans crossing their borders in recent months.

Hit your target - Advertise with Us

Reporting by Dave Graham; Editing by Rosalba O'Brien and Lisa Shumaker from Reuters. /
05 14 2018

We invite all our readers to share with us
their views and comments about this article.

Write to

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to:

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter












Editor & Publisher:Elio Ohep/
Contact Email:

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.